August 1, 2025

Wall Street Trades Up Ahead of Key Economic Data

The US stock market opens positively as tech giants like Meta and Microsoft report robust earnings, boosting S&P 500 and Nasdaq futures. Meta shares surged 12.3%, while Microsoft forecasts a $30 billion capital spending. Investors await PCE inflation data and jobs report amidst ongoing trade negotiations and tariff announcements.

August 1, 2025

India-Russia Trade Relations Under Threat Amid US Tariffs

India's trade relations with Russia face scrutiny as US President Trump imposes a 25% tariff on Indian exports. This move, linked to India's ties with Moscow, poses significant risks for India's economy, especially regarding oil imports and military reliance on Russia. As India navigates these pressures, it aims to maintain strategic autonomy.

August 1, 2025

England vs India: Woakes Injury Marks Rain-Hit Day One of Fifth Test

On a disrupted first day of the fifth Test, England reduced India to 204-6, but Chris Woakes faced a concerning injury. Gus Atkinson and Josh Tongue impressed with the ball, though England's extras and weather complications led to an uneven performance.

August 1, 2025

US Announces 25% Tariff on Indian Imports; Pharma Sector Exemption Expected

The US government has announced a 25% tariff on imports from India, including the pharma sector, which may face significant cost increases. Analysts predict a potential rollback for the pharmaceutical industry due to its role in maintaining affordable healthcare. Indian drug makers are closely monitoring these developments.

August 1, 2025

BMC Extends Deadline for Textile Museum Project Amid Limited Interest

BMC has extended the deadline for bids to develop a textile museum at the India United Mills site in Byculla after receiving only one response. The project aims to revive mill culture and educate the public about Mumbai's industrial heritage.